Shire Offers to Buy Baxalta for $30.6 Billion -- 9th Update

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Liz Hoffman And Denise Roland Shire PLC on Tuesday made public an unsolicited $30.6 billion takeover bid for rare-disease treatment maker Baxalta Inc., becoming the latest deal-hungry company refusing to take "no" for an answer amid the current deal ...

Indonesia 2Q GDP Growth Slows Further to Near 6-Year Low

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By I Made Sentana JAKARTA--Indonesia's economic growth slowed further to a near six-year low in the second quarter, dimming hopes that the economy will expand above 5% this year. Gross domestic product in Southeast Asia's largest economy rose 4.67% from ...

Nabors Swings to Loss

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Nabors Industries Ltd. swung to a second-quarter loss in the contract driller's first full quarter since its business that includes hyrdaulic-fracturing services was combined with C&J; Energy Services Ltd. Under the deal, C&J; gained Nabors completion-and-production businesses in the U.S. ...

New Zealand's Unemployment Rate Inches Higher as Population Grows

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Rebecca Howard WELLINGTON, New Zealand--Unemployment rose in New Zealand in the second quarter as the working-age population increased on the back of rising migration. The seasonally adjusted unemployment rate was 5.9% in the three months to the end of ...

China's Services Sector Posts Gains in July, Cushioning Factory Weakness

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

BEIJING--China's services sector showed continued strength in July, a private survey showed Wednesday, cushioning persistent problems in manufacturing in the world's second-largest economy. The Caixin Services Purchasing Managers' Index climbed to an 11-month high in July despite a steep selloff ...

Asian Shares Gain After Rosy China Data

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Chao Deng Asian shares bounced off their morning lows after a gauge of China's service sector reached an 11-month high, brushing off concerns that a rise in U.S. interest rates could be getting closer. The Shanghai Composite Index is ...

Russian Service Sector Returns to Growth in July -- Survey

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Andrey Ostroukh MOSCOW-Russia's services sector returned to expansion in July as new businesses grew at the fastest pace in 20 months, a Markit survey of purchasing managers showed Wednesday. The headline Purchasing Managers' Index for the services sector rose ...

Imtech Not Yet Reached Pact With Financiers; Talks Continue

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Ian Walker Amsterdam-listed European technical services provider Royal Imtech NV (IM.AE) said Wednesday that no agreement has been reached with its financiers about additional financing needed for its German operations, and talks continue. The company, which works in areas ...

New Rule to Lift Veil on Tax Breaks

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Theo Francis Cities and states have plied companies with tax breaks for decades hoping to attract jobs and commerce. A new accounting standard will force many to disclose the total annual cost. The rule approved Monday by the Governmental ...

Asian Shares Fall on Fed Comments

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Stocks across Asia fell Wednesday with heightened expectations that the U.S. is headed for a rise in interest rates after comments from a Federal Reserve board member. The Shanghai Composite Index opened 0.3% lower at 3745.65 and the smaller Shenzhen ...

Sunrun Prices IPO at $14 a Share

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Sunrun Inc. priced its initial public offering at $14 a share late Tuesday, in line with expectations, according to people familiar with the deal. The company, which leases solar-power systems to homeowners, and selling shareholders raised about $251 million by ...

China Caixin Service PMI Rose in July

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

BEIJING--The Caixin China services purchasing managers index rose to 53.8 in July, compared with 51.8 in June, Caixin Media Co. and research firm Markit said Wednesday, pointing to a recovery outside the nation's factory sector. A reading above 50 indicates ...

Malaysia June Exports Unexpectedly Expand 5.0% on-Year

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Jason Ng KUALA LUMPUR--Malaysia's exports expanded 5.0% year-over-year in June, the fastest pace in a year, thanks to a surge in the shipments of electronics and palm oil that helped to cushion the plunge in natural gas and crude ...

Indonesia GDP Growth Near Six-Year Low -- Update

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By I Made Sentana and Deden Sudrajat JAKARTA--There was little reprieve for the Indonesian economy in the second quarter as growth continued to hover close to a six-year low, hit by slumping exports to China and dimming hopes that the ...

Dollar Remains Steady After Fed Official's Comments

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Hiroyuki Kachi The dollar remained steady against the yen and the euro during Asian trading hours Wednesday, with comments by a top Federal Reserve official signaling the central bank is moving closer to raising short-term rates. The greenback hit ...

Asian Shares Fall on Fed Comments

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

By Chao Deng Stocks across Asia fell Wednesday with heightened expectations that the U.S. is headed for a rise in interest rates after comments from a Federal Reserve board member. The Shanghai Composite Index opened 0.3% lower at 3745.65 and ...

Zillow Revenue More than Doubles

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

Zillow Group Inc. said Tuesday that its revenue more than doubled in the second quarter, boosted by a 74% increase in unique users and its acquisition of rival real-estate website Trulia. Shares of Zillow rose 7.8% to $80.01 a share ...

IMF Raises Concerns About Yuan as Reserve Currency

TODAY: Aug. 5, 2015 PUB DATE: Aug. 5, 2015

WASHINGTON?China will likely have to move ahead with market liberalization before the International Monetary Fund labels the country's yuan a reserve currency, IMF officials said Tuesday. If China's government doesn't move fast enough to remove restrictions on market access, it ...